Unless your dad or you know for sure (have notification) that the tractor has a legal lien (either by bank or it's listed in a bankruptcy equipment list as an asset) then your dad still owns the tractor. Buy the tractor from your dad for a fair price and get a bill of sale from him. Document the condition of the tractor - photos etc. before moving it or fixing it. Then it's yours and you've acted in good faith.
You can have your dad hold the money in trust if you're still concerned.
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
... [Read Article]
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